Money talks: financing the periphery buys Berlin a leading role recasting the eurozone governance framework. The recent ‘six pack' of legislative reforms hints at what's to come: institutionalized fiscal discipline and an excessive imbalances procedure that protects against future moral hazard. The whole eurozone will tilt toward the German surplus model as we get more fiscal integration and more German leverage.
Ian BremmerRelated topics
berlin fiscal future hazard integration legislative leverage model money pack periphery procedure six tilt financing recastingRelated quotes
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